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Reclaim Finance argues that the Paris financial center has failed its commitment to implement effective coal exit strategies by mid-2020. While some institutions like AXA and Crédit Agricole/Amundi have adopted strong policies, many others, notably Société Générale, are criticized for insufficient policies that do not require companies to establish closure plans for coal infrastructure. The author warns against 'greenwashing' and the substitution of 'exit' policies with weaker 'exclusion' policies.

The author contends that Indonesia's COVID-19 recovery stimulus should shift away from fossil fuel support toward renewable energy, sustainable agriculture, and decentralized energy systems to ensure long-term economic stability and climate resilience.

The report asserts that Australia's climate policies and fossil fuel exports are causing the deterioration of the Great Barrier Reef's Outstanding Universal Value (OUV). It argues that Australia is failing its obligations under the World Heritage Convention by not pursuing a well-below-1.5°C pathway and relying on 'legally baseless' carryover credits to meet emissions targets. The document calls for the Great Barrier Reef to be inscribed on the List of World Heritage in Danger and for the Australian government to phase out fossil fuel production and exports.

The Unfriend Coal/Insure Our Future campaign calls on the insurance industry to leverage the economic disruptions of COVID-19 to accelerate the transition away from fossil fuels. The authors argue that while progress has been made in restricting coal insurance, insurers must now expand these restrictions to oil and gas to meet Paris Agreement targets. The letter outlines five specific demands, including an immediate end to insuring new coal, oil, and gas projects and the divestment of assets from companies not aligned with a 1.5ºC pathway.

The report by Reclaim Finance and Les Amis de la Terre France analyzes the climate pledges of several French financial institutions. While some banks like Natixis and SCOR have introduced coal exit timelines and exclusions, the authors argue that many commitments remain insufficient due to narrow scopes, the exclusion of major oil and gas companies, and a lack of alignment across all business lines, particularly in the case of Société Générale and SCOR's reinsurance activities.

The statement critiques a survey by the Basel Committee's High-level Task Force on Climate-related Financial Risks (TFCR), noting that while 23 financial jurisdictions recognize climate change as a financial risk, most are only in the 'building knowledge' phase. It calls for the immediate exclusion of fossil fuel assets from refinancing operations and quantitative easing to mitigate systemic risks and stranded assets.

The authors argue that governments must plan the decline of coal, oil, and gas production to meet the Paris Agreement's 1.5°C limit and avoid further market chaos. They highlight a significant 'production gap,' noting that planned extraction by 2030 exceeds climate-compatible levels by 60% for oil, 70% for gas, and 280% for coal. The text advocates for a 'just transition' that supports fossil fuel workers through diversification, the removal of consumption subsidies—which totaled at least $400 billion in 2018—and the use of green investment to ensure community viability.

A coalition of 92 organisations argues that BlackRock's role in developing ESG criteria for EU banking rules is compromised by its massive investments in fossil fuels and its history of lobbying against such regulations.

A joint letter from various environmental and climate organizations calling on global insurance associations to ensure COVID-19 stimulus packages support a low-carbon transition rather than fossil fuel industries, while urging the insurance sector to end coverage for coal and oil and gas expansion.

Reclaim Finance has filed two information requests with the European Central Bank (ECB) demanding the disclosure of individual asset values and climate-related data for its corporate sector purchase programs. The organization argues that the current lack of transparency prevents stakeholders from understanding the environmental impact of monetary policy and hinders the democratic process during the ECB's strategic review and its response to the Covid-19 crisis.

The document highlights the shared origins of the Covid-19 pandemic and climate risks, both stemming from the degradation of the natural environment. It argues that traditional financial risk models cannot capture future climate risks and that delaying climate action while addressing the pandemic would be a 'double erreur'. The text advocates for green recovery plans, the integration of ESG criteria into central bank portfolios, and the exclusion of fossil fuels—specifically coal and unconventional oil and gas—from monetary and prudential crisis responses.

A joint letter from several financial and environmental organizations calling on the NGFS to prevent central banks from supporting high carbon emitters during the COVID-19 crisis. The authors argue that current liquidity measures risk returning to "business as usual" and propose specific actions, including the exclusion of polluting assets from collateral frameworks and quantitative easing programs, and the development of green and brown taxonomies to mitigate systemic climate-related financial risks.

The Centre for Environmental Rights, acting for groundWork and Earthlife Africa NPC, has formally requested written reasons from the South African Minister of Environment, Forestry and Fisheries regarding an amendment to the Minimum Emission Standards (MES). The amendment, published on 27 March 2020, doubles the permissible sulphur dioxide (SO2) limit for existing solid-fuel combustion installations, which the authors argue is unconstitutional and unlawful.

The report finds that while India has shifted resources toward clean energy since FY 2014, subsidies for fossil fuels remain over seven times larger than those for renewables and electric vehicles. Oil and gas subsidies rose by over 65% between FY 2017 and FY 2019, driven by higher oil prices and LPG use, while renewable energy subsidies fell by 35% in the same period. Electricity transmission and distribution subsidies doubled, primarily due to under-priced electricity for residential and agricultural users. Electric vehicle subsidies grew over 400-fold since FY 2014. A special analysis of coal indicates a massive net cost of INR 3,36,446 crore in FY 2018 when accounting for social costs like air pollution and GHG emissions, far outweighing tax revenues and charges.

Reclaim Finance argues that Barclays' new fossil fuel policy is inadequate, citing weak exclusion thresholds for coal, flawed metrics for measuring coal exposure, and limited restrictions on oil and gas projects, particularly in the US and Argentina.

Since 2015, the Law and Justice (PiS) party has led Poland toward Euroscepticism and the erosion of the rule of law. The author argues that PiS's worldview creates critical contradictions: while seeking to reduce dependence on Russian gas and oil, the government has increased imports of cheaper Russian coal and lacks a strategic plan for renewable energy, leading to a rise in carbon emissions. Simultaneously, while opening the labor market to Ukrainian workers for economic reasons, PiS has overseen a deterioration in bilateral relations with Ukraine and tightened citizenship laws, potentially priming the country for a nationalistic backlash.

Reclaim Finance requests that the European Central Bank exclude companies from its securities purchases and collateral lists based on specific fossil fuel development activities and exposure thresholds, including a 20% revenue threshold for coal and a 15% reserve threshold for unconventional oil and gas.

South Africa introduced a carbon tax in 2019 to meet greenhouse gas emission reduction targets of 34% by 2020 and 42% by 2025. The policy primarily targets the energy sector, which is responsible for approximately 80% of the country's emissions due to a heavy reliance on coal. While the tax aims to incentivize a shift toward renewable energy, it faces challenges including potential conflicts with WTO non-discrimination principles, the risk of carbon leakage due to a lack of border price adjustments, and negative socio-economic impacts such as increased consumer prices and potential job losses in energy-intensive industries like mining and steel. The document argues for a balanced approach that includes worker re-skilling, targeted incentives for renewables, and regional coordination through agreements like the AfCFTA to prevent protectionism and ensure a just transition.

France ranks second among G20 OECD members for its commitments and low support for fossil fuel production per GDP, yet it maintains high support for fossil fuel-based power and consumption. Total government support averaged USD 19.4 billion (2017–2019), with a significant 87% increase in public finance for fossil fuels compared to the 2014–2016 average, primarily driven by oil and gas production.

The annex updates data on electric vehicle GST concessions, power transmission infrastructure in Ladakh, LPG and kerosene subsidies, and a comprehensive list of coal producer and consumer taxes in India between FY 2014 and FY 2019.